In 2014, Wall Street Journal reported that Momentive would miss an interest payment due April 15, and prepared to file bankruptcy.

In 2014 Momentive Specialty Chemicals announced plans to build two formaldehyde plants in Louisiana that will supply BASF and Huntsman plants. The plants make MDI, a common isocyanate. The formaldehyde will be supplied by pipeline. Momentive claims to be the world's largest producer of formaldehyde.